Save Article

Tightening Moves Gather Pace in Asia

By

Michael Connolly

Updated Aug. 3, 2006 12:01 a.m. ET

In step with moves world-wide, major Asian economies are stepping up their fight against overheating, with Japan, China and Australia all pursuing tightening, though at different stages in their economic cycles.

Warning that "consumer-inflation expectations are set to increase," Bank of Japan board member and policy hawk Atsushi Mizuno said Wednesday that while the central bank will adjust short-term interest rates slowly,...